Ep. 122 - When Mother Nature Calls the Shots: Are You Financially Prepared?
Drought. Forced herd reductions. Unexpected income. Tax consequences. And eventually—the need to rebuild.
A recent announcement about Canada's Livestock Tax Deferral got Lacy thinking about a much bigger question: What happens when circumstances force you to make a financial decision before you're ready?
In agriculture, we don't control the weather, the markets, interest rates, or government policy. But we can control how we prepare.
In this episode, Lacy explores why being asset-rich isn't the same as having liquidity, why a temporary tax deferral doesn't solve a long-term cash-flow problem…
The skinny
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